Stellantis, an automotive giant that came into being Tuesday after Auburn Hills’ Fiat Chrysler Automobiles completed its merger with France’s Groupe PSA, announced its plan for future sustainable mobility, which the company says will include affordable and efficient solutions.
The company began trading on Euronext (Paris) and Borsa Italiana (Milan) on Monday, and on the New York Stock Exchange on Tuesday. FCA operates its North American headquarters in Auburn Hills.
Following the merger, Stellantis has some 400,000 employees across Europe, North America, and Latin America. Its heritage stretches back 125 years, and the company’s brands range from luxury, premium, and mainstream passenger vehicles; pickup trucks; SUVs and light commercial vehicles; mobility finance; and parts and service brands.
Stellantis states it is working toward greater electrification, connectivity, autonomous driving, and shared ownership. The company has 29 electrified models available and plans to introduce 10 more by the end of 2021. It is also working toward carbon neutrality across all products, assembly plants, and other facilities.
With operations in more than 30 countries, the company delivers vehicles and services to 130-plus markets.
“One year after we announced this project, Stellantis is born, notwithstanding the unprecedented societal and economic disruption caused by the COVID-19 pandemic,” says Carlos Tavares, CEO of Stellantis.
The company expects to invest in added mobility solutions, targeting annual synergies of more than €5 billion (+$6 billion). Savings will be achieved through the implementation of smart purchasing and investment strategies, optimizing powertrain and platform utilization, applying research and development, and focusing on manufacturing and tooling efficiencies. The estimates are not based on any plant closures resulting from the transaction.
In an effort to ensure an efficient operating structure, nine governance committees will cover performance and strategy, planning, regions, manufacturing, brand, and styling.
The company has also announced the following executive team:
Strategic and Performance:
- CEO: Carlos Tavares
- Head of Americas: Mike Manley
- Global corporate office: Silvia Vernetti
- Chief performance officer: Emmanuel Delay
- Chief software officer: Yves Bonnefont
- Chief affiliates officer: Philippe de Rovira (sales finance, used cars, parts and service, retail network)
- Enlarged Europe: Maxime Picat
- Deputy: Davide Mele
- Eurasia: Xavier Duchemin
- North America: Mark Stewart
- South America: Antonio Filosa
- Middle East and Africa: Samir Cherfan
- China: Grégoire Olivier (interim, in charge of DPCA)
- India and Asia Pacific: Carl Smiley
- Asean: Christophe Musy
- Jeep: Christian Meunier, synergies referent
- Chrysler: Timothy Kuniskis, interim
- Dodge: Timothy Kuniskis, synergies referent
- Ram: Mike Koval
- Citroën: Vincent Cobee
- Fiat and Abarth: Olivier Francois, synergies referent and global chief marketing officer
- Opel and Vauxhall: Michael Lohscheller
- Peugeot: Linda Jackson, synergies referent
- Alfa Romeo: Jean-Philippe Imparato, synergies referent
- DS: Béatrice Foucher
- Lancia: Luca Napolitano
- Maserati: Davide Grasso
- Free2Move: Brigitte Courtehoux
- Leasys: Giacomo Carelli
Global Function Chief Officers:
- Finance: Richard Palmer
- Human resources and transformation: Xavier Chereau
- General counsel: Giorgio Fossati
- Planning: Olivier Bourges
- Purchasing and supply chain: Michelle Wen
- Manufacturing: Arnaud Deboeuf
- Ralph Gilles (Chrysler/Dodge/Jeep/Ram/Maserati/Fiat Latin America)
- Jean-Pierre Ploue (Abarth/Alfa Romeo/Citroen/DS/Fiat Europe/Lancia/Opel/Peugeot/Vauxhall)
- Engineering: Harald Wester
- Deputy: Patrice Lucas Cross car line and project engineering
- Deputy: Nicolas Morel
- CTO: (to be defined)
- Sales and marketing: Thierry Koskas
- Customer experience: Richard Schwarzwald
- Deputy: Jean-Christophe Quemard
- Communication and CSR: Bertrand Blaise